Over three days last month, about $3 million was drained by computer hackers from the bank account of the Duanesburg Central School District in New York and deposited into overseas accounts, reports the Albany Times-Union. The cyber crime has prompted a joint probe into what banking and security officials say is a growing problem, underscoring the need for airtight internal controls. Duanesburg Superintendent Christine Crowley said during a news conference Jan. 5 that the discovery of the unauthorized electronic transfers from the district coffers three days before Christmas left her in "total shock" and then "sheer anger." The jarring revelation...

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